Bober Lannister Review

Bober Lannister

Bober Lannister uses low-risk settings to ensure safe and profitable results. As per the developer, the live settings are optimized using the real ticks data. This is a cross-platform system that is 100% automated. It was developed by Arnold Bobrinskii. The author is based in Russia and has more than 8 years of experience in developing expert advisors. He has created 4 products and 3 signals. His other products include Bober Crypto and MT5 Bober.

Bober Lannister at a Glance

Price$499
Trading PlatformsMT5
Currency PairsEURCHF, GBPUSD, EURNZD, CHFJPY, EURAUD
StrategyTrend-based
TimeframeN/A
Recommended Deposit$100
Recommended Leverage1:30, 1:100, or 1:500
Money ManagementYes

Bober Lannister functionality

According to the author, this FX EA is a safe system that does not use dangerous methods like the Martingale approach. It does not increase lot size and uses the same size as in the risk settings irrespective of the result of the previous lot. Some of the main features that the developer focuses on for this system are:

  • User-friendly settings are present for the EA.
  • It does not use risky methods .
  • Does not need the use of elaborate user guides for installation.
  • Customers get free live sets.
  • It is not sensitive to broker spread and commission.
  • The FX EA places only one trade at a time.

Bober Lannister trading strategy tests

Trading result of Bober Lannister on the MQL5 site
Trading result of Bober Lannister on the MQL5 site

The author does not provide much explanation of the strategy. Instead of using risky methods like the Martingale system, the ATS uses virtual TP and SL that are fixed. Fixed lot sizes are used as per the risk settings. The strategy explanation looks vague and does not provide a proper insight into the efficacy of the EA. However, a backtesting result is present for the FX EA on the MQL5 site. 

From the stats, we can see that the backtesting had generated a total net profit of 1,916,908.01 from an initial deposit of 10,000. For a total of 4953 trades, the profitability of 65.29% and a profit factor of 1.58 were present. The drawdown was 22.23%. From the results, it is clear that the profits are high and the drawdown is low indicating good performance.

What about Bober Lannister real trading results

A real live signal is present for the system on the MQL5 site. Here is a screenshot of the result:

Trading result of Bober Lannister on the MQL5 site
Trading result of Bober Lannister on the MQL5 site

From the above stats, we can see the account shows 149.32% growth. The growth curve indicates an erratic curve that implies an unsteady performance. Further, nearly 80% of the growth has been accomplished in 15 days which shows a risky approach.

 For an initial deposit of $200, the account shows a profit of 298.15. The account that started in March 2021 has completed 3.415 trades with profitability of 65.3% and a profit factor of 1.15. A maximum drawdown of 37.8% is present which indicates a risky approach. Further, the low-profit factor value indicates an ineffective performance.

Pricing

You can purchase this FX EA for $499. A free demo account is offered. There are no further details on the pricing like the features included. No money-back assurance is present, which raises doubts about the reliability of the ATS.

Customer reviews

Unfortunately, we could not find user reviews for this FX EA on reputed review sites like Forexpeacearmy, Trustpilot, etc. There are a few reviews on the MQL5 site for this ATS. But as the site promotes the product, there is a high chance of the reviews being manipulated.

Support

The developer provides links to his Telegram channel group and you can also use the direct messaging option on the MQL5 site to contact him. There are no other methods available for support.

Bober Lannister Review Summary

Bober Lannister
2 5 0 1
Bober Lannister assures low risk and high profits with its cross-platform design. The author provides backtesting results that show good performance. However, real trading results show a high drawdown indicating a risky approach. Other drawbacks we found in the FX robot include the expensive pricing and the absence of a refund policy.
Bober Lannister assures low risk and high profits with its cross-platform design. The author provides backtesting results that show good performance. However, real trading results show a high drawdown indicating a risky approach. Other drawbacks we found in the FX robot include the expensive pricing and the absence of a refund policy.
2/5
Total Score
  • Functionality
    2/5 Bad
    Minimal info is present concerning the functionality of the system.
  • Trading Strategy
    2/5 Bad
    The author does not divulge info on the strategy used by this trading tool.
  • Live Results
    3/5 Neutral
    Live results show a high drawdown that indicates a risky approach.
  • Customer Support
    3/5 Neutral
    The dev can be reached via Telegram and the messaging option on the MQL5 site.
  • User Reviews
    1/5 Awfully
    No feedback is present on the reputed sites like Forexpeacearmy, Trustpilot, etc.

The Good

  • It is a fully automated software
  • Backtesting and real trading results

The Bad

  • A vague strategy explanation
  • Expensive pricing
  • No money-back guarantee
Total
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